Most people are not aware that they can renew their life insurance policy online. Renewing your policy online is more convenient and cost-effective for you as well as the company. Most life insurance companies offer online renewal options to their customers. This is a good way to save time and money.
The cost of renewing online is having a low premium as compared to offline. The cost of renewing a life insurance policy online varies from company to company. It depends on the type of policy and the company you choose. The cost is determined by many factors like the type of policy, the amount of coverage, the company's history with customer service, the length of the term, etc.
It is important to understand these factors before renewing your policy so that you can make an informed decision about which company to choose. PolicyBachat provides a life insurance calculator tool that will help you find out how much it costs to renew your life insurance policy online easily.
How to Check Fund Value of LIC Life Insurance Policy Online?
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
- Go to the official website of LIC.
- If you have already registered on LIC’s portal, log in using your username and password. If you haven't registered yet, you may need to create an account.
- Once you are logged in, navigate to the section that provides your policy details.
- After accessing your policy details, there should be an option to view the fund value of your policy.
- Additionally, you might be able to see the allocation of funds across different investment options if your policy offers multiple investment choices.
How to Download Life Insurance Policy Statement?
To download a life insurance policy statement, you typically need to follow the below steps.
- Visit the official website of your insurance company.
- Log into your account by providing your username and password.
- If you haven't registered for an online account, you may need to create an account.
- Once logged in, find the option to download or view your policy statement.
- Verify that the document includes details such as policy coverage, beneficiaries, premiums, and any other relevant information.
- Then click on the relevant button to download the policy statement.
- If you encounter any issues, consider reaching out to your insurance company's customer support. They may be able to assist you in obtaining the necessary statements.
Can I Cancel My Tata AIA Life Insurance Policy within 15 Days?
Tata AIA Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.
Can I Cancel My Star Union Dai-Ichi Life Insurance Policy within 15 Days?
Star Union Dai-Ichi Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.
Can I Cancel My Shriram Life Insurance Policy within 15 Days?
Shriram Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.